In response to:

The Largest Tax Increase Since World War II

AmericanObserver Wrote: Dec 28, 2012 3:53 PM
Have you been sleeping for the past 4 years? Have you seen one Republican actually DO anything other than resist the President on everything. It is so ironic that the right whines when Bush and his tax cuts and unfunded wars are brought up and call it 'blaming'.....yet, virtually, every single post in Townhall including yours! blames Obama. What hypocrisy. Grow up and own the idiocy of right wing policies that put us in this mess and are keeping us in this mess.
rman859 Wrote: Dec 28, 2012 4:17 PM
You obviously are not paying your fair share. fork it over comrade.
AmericanObserver Wrote: Dec 28, 2012 4:13 PM
So typical....when the Republicans control Congress it is the President's (Democrats) fault. When the Republicans are in the White House it is Congress' (Democrats) fault. See what I mean? You can't help yourself.
InAmericaSince1627 Wrote: Dec 28, 2012 4:03 PM
Grow up? AO
I though Bush 2 did a terrible thing with the first bailouts if that makesy ou feel any better.
Read my answer to you post below.
Somebody needs to resist President Massive Debt and resist HARD.
JPK2 Wrote: Dec 28, 2012 3:58 PM
Obama and his party run the Senate and the Oval Office. For 2 years they ran everything, and there wasn't a thing the GOP could do. Obama could have completely revamped the tax code and raised taxes in 2009. But, he didn't. He knows better. Boehner gave Obama everything he wanted 2 weeks ago. but Obama wasn't interested. Reason: he wants all taxes to go up. He wants to destroy the GOP. But, he is the President. And voters will blame him and his party. After-all, he is The Anointed One.
DSMike Wrote: Dec 28, 2012 3:57 PM
Actually the social engineering of Congress, over forty years, brought us to this point.
Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...